Do I need a business bank account?
One of the first questions that people ask when setting up as a freelancer or self employed is “Do I need a business bank account?” Firstly, it depends on whether you are going to trade as a limited company or …
Category: Start Ups
Start up planning
It is very tempting, when starting a new business, to think only about the day to day trading, and opt for the cheapest method of starting-up by opting for free-banking and avoiding the “perceived” expense of solicitors and accountants. A …
MTD Facts and Fiction
MTD for VAT MTD for VAT is now in force and all VAT registered businesses with annual taxable turnover exceeding £85,000 must comply with the making tax digital (MTD) rules for VAT. There are two requirements for MTD: to keep …
Book-Keeping
Many businesses spend hours on book-keeping but achieve little. Many other businesses “bury their heads in the sand” and simply don’t do anything at all! There is a legal requirement for all businesses and the self employed to keep complete …
Limited company benefits
Hundreds of private limited companies are being formed every day. If you are thinking of starting a new business, or are currently in business as a sole trader or partnership, you really need to be thinking about whether to trade …
Do you need an accountant?
The question a lot of people ask is whether they need an accountant to do their book-keeping, accounts preparation and tax returns. Well, think about your car and what you’d do if the brakes were faulty:- (a) Would you repair …